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This just turns into another class of scam, where a different class of financial vampire takes the guaranteed stream of revenue from your pension system and sys
by matthewdgreen 7y ago
This just turns into another class of scam, where a different class of financial vampire takes the guaranteed stream of revenue from your pension system and systematically diverts a larger and larger share into their own pocket.
- fennecfoxen 7y agoHistorically? Maybe a little, yeah, but even at ridiculous rate of, say, 2% annual fees, you're just not looking at the same sort of massive capital losses you could expect following a major corporate insolvency... And more and more pension funds offer low-fee index funds than ever before. Praise Vanguard.